Zacks: Brokerages Set $31.75 Price Target for Watford Hldg Ltd (NASDAQ:WTRE)

Shares of Watford Hldg Ltd (NASDAQ:WTRE) have been assigned a consensus broker rating score of 2.50 (Hold) from the four brokers that provide coverage for the stock, Zacks Investment Research reports. Three analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.

Brokers have set a one year consensus price target of $31.75 for the company and are forecasting that the company will post $0.91 EPS for the current quarter, according to Zacks. Zacks has also assigned Watford an industry rank of 111 out of 256 based on the ratings given to its competitors.

A number of brokerages have recently commented on WTRE. Keefe, Bruyette & Woods began coverage on Palomar in a report on Sunday, May 12th. They set an “outperform” rating and a $24.00 price target on the stock. Barclays initiated coverage on GENFIT S A/ADR in a research note on Monday, April 22nd. They set an “overweight” rating and a $55.00 target price for the company. JPMorgan Chase & Co. set a €54.00 ($62.79) price target on Axel Springer and gave the company a “neutral” rating in a research report on Tuesday, April 23rd. JMP Securities decreased their price target on New Fortress Energy from $20.00 to $19.00 and set a “market outperform” rating for the company in a research report on Thursday, May 16th. Finally, Zacks Investment Research lowered Yatra Online from a “hold” rating to a “sell” rating in a research report on Saturday, July 6th.

NASDAQ WTRE traded up $0.17 on Monday, reaching $26.24. The company had a trading volume of 185,176 shares, compared to its average volume of 256,554. The firm’s 50-day moving average is $26.78. Watford has a 1 year low of $23.70 and a 1 year high of $28.99.

Watford (NASDAQ:WTRE) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $2.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.72 by ($1.62). The company had revenue of $205.04 million during the quarter. Equities analysts anticipate that Watford will post 4.55 EPS for the current fiscal year.

In other news, CEO Alexandre Scherer bought 1,200 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was bought at an average price of $26.27 per share, for a total transaction of $31,524.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jon D. Levy bought 4,000 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were purchased at an average price of $24.77 per share, with a total value of $99,080.00. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 58,846 shares of company stock worth $1,501,952.

A number of large investors have recently bought and sold shares of the business. First Republic Investment Management Inc. acquired a new position in shares of Watford during the first quarter worth about $334,000. Price Wealth Management Inc. bought a new stake in Watford during the first quarter worth about $334,000. Finally, Element Pointe Advisors LLC bought a new stake in Watford during the first quarter worth about $3,344,000. 1.21% of the stock is owned by hedge funds and other institutional investors.

Watford Company Profile

Watford Holdings Ltd., together with its subsidiaries, operates as a property, casualty, and mortgage insurance and reinsurance company worldwide. The company was founded in 2013 and is headquartered in Pembroke, Bermuda.

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